PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Aureus Asset Management LLC

Aureus Asset Management LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,280 shares of the company’s stock after selling 780 shares during the quarter. Aureus Asset Management LLC’s holdings in PepsiCo were worth $898,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in PepsiCo by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after purchasing an additional 8,406 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $9,589,000. M&G Plc grew its position in PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after acquiring an additional 14,724 shares in the last quarter. Pinnacle Financial Partners Inc grew its position in PepsiCo by 3.5% in the third quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock valued at $23,013,000 after acquiring an additional 4,547 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in PepsiCo by 30.7% in the third quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company’s stock valued at $11,740,000 after acquiring an additional 16,200 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $163.45 on Monday. The business’s fifty day moving average price is $167.79 and its 200 day moving average price is $170.30. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The stock has a market capitalization of $224.25 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Barclays lowered their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.